Chicago | Reuters — U.S. cattle futures sank to their lowest prices since May on Tuesday on fund liquidation and profit-taking, traders said. Follow-through selling pressured the markets after losses on Monday, along with softer boxed beef prices, traders said. The U.S. Department of Agriculture priced choice cuts of beef at $300.38/cwt, down $1.34 from […] Read more
U.S. livestock: Cattle futures sink to May lows
CME December hogs continue higher
U.S. livestock: CME cattle slide on concerns over beef demand
Chicago December lean hogs settle higher
Chicago | Reuters — Live cattle futures dropped to their lowest level in more than a week at the Chicago Mercantile Exchange on Monday on concerns about the risk for easing demand for U.S. beef. Feeder cattle futures also declined, while lean hog futures ended higher. Lower-than-expected cash cattle prices last week contributed to uncertainty […] Read more
U.S. livestock: CME hog, cattle futures down on profit-taking
Cash hog values seen softer
Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures closed lower on Friday, retreating on a round of profit-taking after the benchmark December contract rose to its highest level in a month. Soft cash hog values, weaker wholesale pork prices and a large weekly hog slaughter added to bearish sentiment. “We’ve had a pretty […] Read more
U.S. livestock: CME cattle, hogs soar as U.S. Fed piques investors’ risk appetite
Beef, pork export sales above four-week average
Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle and hog futures rose on Thursday following broad strength in Wall Street equities, crude oil and other commodities, as investors’ risk appetite increased a day after the U.S. Federal Reserve kept benchmark interest rates on hold. “The emphasis is really from the ‘risk-on’ macro play, driven […] Read more
U.S. livestock: CME cattle firm on cash market optimism
Lean hog futures end lower
Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed modestly higher on Wednesday, with the benchmark December contract extending its rebound from a four-month low set last week, buoyed by technical buying and expectations of rising cash cattle prices. Sellers in the Kansas and Texas cash markets were offering slaughter-ready cattle as […] Read more
ASF compartmentalization moves a step forward
Plan not an attempt to download responsibilities, CFIA says
Canada is one step closer to a compartmentalizing regime that hog farmers and the rest of the industry hope protects them against market impacts of African swine fever. Practical application can be developed now that the Canadian Food Inspection Agency has released its National Standards and National Framework for the Canadian ASF Compartment Program. From […] Read more
U.S. livestock: CME cattle rise on hopes for cash prices
Hogs also higher; livestock futures down on month
Chicago | Reuters — Chicago Mercantile Exchange livestock futures crept higher on Tuesday as the cattle markets continued to rebound from multi-month lows reached last week. Expectations for higher cash prices this week and beyond helped to underpin futures, analysts said. Cash prices improved on Friday, compared to the middle of last week. CME October […] Read more
U.S. livestock: CME live cattle recover off recent slide, eye cash prices
Lean hogs also align with cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a one-week high on Monday as the market recovered from steep losses last week. Firm prices in the cash market on Friday supported the rebound in futures, brokers said. CME December live cattle futures ended up 1.025 cents at 183.25 cents/lb. (all figures US$). […] Read more
U.S. livestock: CME feeder cattle recover off May-level low
Live cattle, lean hogs also higher
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures fell to their lowest level since May on Friday before ending higher, while live cattle recovered from June lows reached earlier this week. Strength in the cash market helped boost futures, traders said. Reports of meatpackers paying $185/cwt in Texas and $186/cwt in Nebraska represented […] Read more
U.S. livestock: CME cattle, hogs rebound after recent losses
'Monday's washout was probably a bit overdone'
Chicago | Reuters — Cattle futures jumped at the Chicago Mercantile Exchange on Wednesday, bouncing off June lows hit this week on larger-than-expected U.S. supply numbers. Futures prices collapsed on Monday after the U.S. Department of Agriculture, in a report issued after markets closed on Friday, said that producers placed more cattle than expected into […] Read more
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